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The EURUSD crawls downwards - 24-02-2023
The EURUSD pair resumes the decline calmly, to press on 1.0600 barrier, reinforcing the expectations of continuing the bearish trend, which targets testing 1.0515 level mainly.
The EMA50 continues to support the suggested bearish wave, while stochastic begins to lose the positive momentum, waiting to get new negative motive that assist to push the price to achieve the expected target.
On the other hand, we should note that breaching 1.0650 followed by 1.0745 levels will stop the expected bearish trend and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.0520 support and 1.0670 resistance.
The expected trend for today: Bearish
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